3- XYZ company had the following data for the current year: $420,000 Work in Process, beginning balance Direct materials used in production Direct labor Estimated Overhead Work in Process, ending balance 40,000 Determine the amount of cost of goods manufactured during the year. 30,000 55,000 65,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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13- XYZ company had the following data for the current year:
$420,000
Work in Process, beginning balance
Direct materials used in production
Direct labor
30,000
Estimated Overhead
Work in Process, ending balance
40,000
Determine the amount of cost of goods manufactured during the year.
55,000
65,000
t
Transcribed Image Text:13- XYZ company had the following data for the current year: $420,000 Work in Process, beginning balance Direct materials used in production Direct labor 30,000 Estimated Overhead Work in Process, ending balance 40,000 Determine the amount of cost of goods manufactured during the year. 55,000 65,000 t
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